Question: Question 5 1 pts Mario has two different loan options. Option A is a loan for $400 that requires a loan repayment of $460 in

 Question 5 1 pts Mario has two different loan options. Option

Question 5 1 pts Mario has two different loan options. Option A is a loan for $400 that requires a loan repayment of $460 in 2 years. Option B is a loan for $250 at a 4% interest rate with the loan payment due in 2 years. But B also requires a one time fee that must be paid at maturity (time of loan repayment) of $15. In this case, option A has an interest rate of while B has an implicit interest rate of 6.4% 7.9% 0 6.4%: 6.896 0 72%. 6.8% 7.296 7.9% No new data to save. Last shocked 2.Bamm Submit Quiz

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